Do you know the difference between Non-Recurring and Recurring Closing Costs? There are some buyers and sellers have no idea what Closing Costs are hence I figured I would share here. Non-Recurring Closing Costs are: Recurring Closing Costs are: Lender Origination Fees Prepaid Interest Appraisal Prorated/Prepaid Property Taxes Credit Report Fire/Hazard Insurance Tax Service Up-Front Mortgage Insurance Title Insurance Premium & Fees Prorated Home...
Great News! Congress passed a compromise bill to reinstate the FHA loan limit to $729,750. This limit is important to high-cost areas, such as Los Angeles and Orange counties. This increase is expected to become law and will be in effect for all FHA loans funding through 12/312013. Keep in mind the unfortunately only affects the FHA loans. The good news is if you...
Malibu Celebrates Veterans Day on 11-11-11 at 11:00am! If you want to show your appreciation to those who served our country and would like to pay tribute to those who risked their lives to fight for our freedom, should attend this event. As General Mac Arthur said to the Corps of Cadets at West Point on May 12, 1962 in accepting the Thayer...
The Century City Condominium Market Report for the Month of October 2011 The Global Economic volatility continues and Europe’s problems are visiting every part of the world. The roller coaster ride of will China bail out Europe or not and will Greece take the offer of saving their as well as the rest of the Global economies or will they turn it down? It...
The Playa Vista Condominium Market Report for the Month of October 2011 The Global Economic volatility continues and Europe’s problems are visiting every part of the world. The roller coaster ride of will China bail out Europe or not and will Greece take the offer of saving their as well as the rest of the Global economies or will they turn it down? It...
